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tv   The Dylan Ratigan Show  MSNBC  June 30, 2011 4:00pm-5:00pm EDT

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dismansaled and repurposed. >> for once you and i agree on something? >> i take issue with that characterization as i find the two of us to be among the more agreeable individuals around. our only point of contention goes to the relevancy and authority of the royal family. >> take it away, dylan. >> all right. the show starts now. well, big story today, grand standing pchb good thursday afternoon from midtown to you. i am dylan ratigan, in the face of deep structural problems in this country. banking, health care, you take it. we get political postures from washington. any minute, president obama lands in philly. raising the dough, even though republicans offered to talk on capitol hill. don't take republicans too seriously. this grandstanding has president obama giving them a verbal
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smackdown yesterday along with the congressional call to action. in response, mitch mcconnell making a big deal of inviting the president for a chat on no notice with the knowledge that he already had plans. >> what the senator invited the president to do was to hear senate republicans restate their maximalist position. we know what that position is, and he also invited him to hear, invited the president to hear what would not pass. that's not a conversation worth having. what we need to have is a conversation about what will pass. >> pro wrestling at its political finest, ladies and gentlemen. now republicans get to say it's the president. the president, of course, gets to say it's the republicans. and we get to sit here frustrated. >> he said to congress, and i quote, members of congress need to cancel things. you know what? i agree. i'm here today, though, mr. president. where are you? >> well, majority leader harry reid calling off the senator's
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fourth of july district workweek to focus on the budget. reid says the white house actually accepted his invite to the hill on wednesday. this as we rush towards that august 2nd deadline, which was largely invented by the treasury department. the white house insists, however, that it can't be moved. freshman republican congressman david shriker of arizona, think of it as a paper tiger. looks scary, unless, of course, you burn it. the reality, there is a significant issue in america. dysfunction in our structure. business and government creating all sorts of issues for us. we have big debt as a result of it. and yet our focus is on the deadline made up in the first place. >> and i love your comment, in your previous -- i say we blame the royal family. >> it is clearly fir fault. kate middleton is really a problem. spending all of our money.
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>> my fear is over the next few weeks we'll see political fever at its finest. how do you ultimately have an honest conversation of let's step away from the edge, guys, back off the rhetorical silliness and actually pull out our calculators and doing numbers. look, think about last night. the president talking about private jets. if you do the math, 18 seconds of debt a day. so think of that. six times, in a presidential news conference, for 18 sounds of borrowing a day. however -- >> the sillness. >> but the politics of corporate jets are sensational. plays well to the press. give them credit for that. and politics of the republicans is nonsense. you and i cut to the nonsense and cut to what we want to talk about. how do we get out of all this
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debt and what's the debate america actually deserves to be having to get through this debt? you and i both know there's only a few ways to do it. austerity, taxation, cancel the bank debt, or print money. those of the only tour choices that exist to deal with this. cancelling the bank debt, taken off the table. greece can't print money, left with taxes and austerity. what can i do as a member of the media, what can you do as a freshman congressman to force this conversation to the structural debate you and i both know we need to be having? >> it's one of the things i love also about you. the understanding that there's a bnch of parts to this puzzle. it's everything about, what do you do to maximize that economic growth, which may mean nuking this current tax code, changing that. dealing with both our regulatory environment, everything from the dodd frank to things happening that are suppressing job growth, and then the 800-pound gorilla
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that most of my kind elected officials are afraid to talk about. if you look at curve, what is driving the debt? it's entitlements. we'll have to have an honest conversation between all parties that that's where the debt is piling at an astonishing rate. >> the frustration, and you and i can go back and forth around what's driving the debt, in entitlements and really the cost of health care, which is explosive and was unaddressed by the president, fee for service, monopoly health insurance companies. all sorts of nonsense basically anti-american structures causing the debt to be what it is, but what's frustrating, i think to me and i suspect to you is, the president and republican leadership both dodge the structural debate and it appears that the structural debate america is desperate to have is not teed up for this presidential election and i'm concerned about what we have to do to ensure we get the structural debate we all deserve
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in the presidential election. >> well, dylan, i late to say the obvious. what do most elected officials care about the most?re-elected. >> getting re-elected. >> right. when you see the corporate jets. one of my fun one, get rid of foreign aid. if you got rid of all for aid, that buys you five days of borrowing. if all the discussions about fossil fuels and we need to tax big oil. if you got rid all the subsidies on all fossil fuels it buys you 2.2 minutes of borrowing a day. it's time to stop the silly rhetoric and maybe -- maybe the secret is that -- the republicans, the democrats in the senate, the president, take their smartest staff, lock them in a room. let the politicians go sound silly, and let's actually do some real math, but my fear is, look, every what is it 7.2, 7.6
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seconds, someone now turns 65 in this country. the baby boomers are retiring. for the next 18 1/2 years, this is the demographic crisis. time to step up and deal with it. >> on wall street or in the business world, when you've got a very difficult deal to achieve, what you do is, you take the principals, lock them in a hotel. you tell them they're not allowsed to leave the hotel until they have a deal. provide them with access to food and a conference call set up of some kind to dial in experts along the way and basically -- >> a bunch of calculators. >> and they're told to stay. i'm confused at this point why we have not seen harry hereid, mitch mcconnell, nancy pelosi and boehner told you are not allowed to leave the room until you have a deal? >> though i will tell you, my instinct, and understand, i'm a freshman, i've been there six months, that there's a number of smart people sitting in rooms with calculators, back channel
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discussions, actually running numbers. look, the president has to posture to his base. many are on the republican side. we freed need to explain we're tough because it's the survival -- >> and posturing to your base. in fairness. >> hopefully i'm sitting here admitting it. welcome to part of the political theater, but something i tried to do and am hoping there's more like you and i who are willing to actually start having honest conversations that we -- some of these things get thrown out if we tax big oil, or just roll back the bush tax cut extensions. dot math on those. they have minimal impact. we're going to have to have that conversation about the entitlements and about the growth curve. >> and about the health care. you cannot have a monopoly health care system. >> entitlements -- >> one of the reason their
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expensive, no negotiating for drug prices. a monopoly health inchurns system with a legalized exemption to be a monopoly in the health care bill. you have a fee for service doctoring system as opposed to mayo clinic model. anyway, we're out of time, but my shoppe that we'll be able to engage in it real structural debate you and i want to have in the months still to come, congressman. >> dylan, always a lot of fun. >> listen, thanks for the time. dave schweiker, freshman out of arizona and willing and able to debate, something i welcome. from debt to taxes a cap state slaps a new tax on internet purchases. we'll tell chu online company is headed for the hills. plus -- mr. colbert you may form your pack and proceed as the commission advised in this opinion. >> no joke. comedian stephen colbert getting his own super pack.
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what the funnyman's appearance on capitol hill today means for the future of campaign finance, late-night tv and secret colbert money in politics. and in the money, but still not happy. proof eve win all that cash, the wall street banksters still don't have it all. my doctor told me calcium is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. : could swching to geicorption my body needs. reon car insurance? or more host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly!
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california shoppers, open your wall itsz. soon collecting sales tags on everything you buy online. governor jerry brown signing the so-called amazon tax went online expected to ray $17 million for the state and amazon and others threatening to cut ties with
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california saying they need positive remain tax exempt. who wants to pay taxes after all? we have a law spoupposed to generate much-needed revenue. could drive 25,000 small business oufs the state taking jobs along with them and the $153 2 million in paid in state income tax, should this not be applied on a national level? a national retail sales tax? our mega panel for the day, republican strategist and washington insider -- jimmy williams. >> james, it made a lot of sense to have no taxes on retail sales in 1990 on the internet because the internet was a brand new thing and nobody trusted it and they didn't know whether everything was going to get stolen. it's 2011. a multibillion dollar retail platform. i would argue with the tax dodge to begin with that these companies can sell thing on the internet and avoid taxes.
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>> well, with all due disclosure, when i worked in the senate for dick durbin who now has a bill that would streamline this issue and allow the states to go out and collect their tax, i did work on this issue, and back then in 1997 and '98 the internet wasn't anything like it is today. i didn't buy anything on the internet in 1997 and today i buy a lot on the internet. so i can see it from both sides. i get. i understand it. i own a small business as well, and when someone walks in and they're from out of state, they don't have to pay taxes. >> is that a loophole? >> sure at hell is and keeps me from collecting the tax, but it's a liphole. >> more subtle but gaming. i can sell everything at 10% cheaper than you can. you're selling me exact same you know, blazer that i'm selling, but mine's on the internet so i have the tax dodge. that seems unfair. >> it does, but seems like a lot
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of states are frankly moving to the system. six states currently. and one of those taxes people will about sore because they say it's a sales tax. i would pay it in the market, but it's also interesting they decided to do this in california now, when you compare two states like new york and california. new york didn't raise any taxes yet california in this -- both democratic governor, worth noting. california felt they had to go this way and really hurt their job market. it's going to take a big hit on small businesses i. thought what actually happened in new york was that essentially, whereas, amazon is basically going to server server -- sever ties they won't do it in new york. two things on this i would say. number one, you know, there is this concern about, what about the bricks and mortar small businesses that are being harmed in this? by that -- i mean, those affiliates as they call them that amazon is odoring from. when i order stuff from amazon
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you're able to be put in touch with companies or store you you might not otherwise know about at all. if amazon then severs their relationship with those businesses, it really hurts those businesses. i think it comes -- >> isn't that, karen, just amazon using the leverage of jobs to blackmail the government and not to do -- >> sure. >> we have the game rigged now with a dig count and if you want to end the game rigging we're going to take away the jobs in your state? >> but dylan -- >> a funny way to be. isn't it? >> well, this is the world of business, i suppose. it goes to your broader point in terms of, you know, how we need to rethink and restructure thing. jimmy was talking about having worked on these laws in eight -- '97-98. this is not where we are and not what's happening. i think it's -- we need to rethink this. >> i totally agree and would say the statement you just offered
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up, karen, applies to everything. we're basically stuck in a political debate, a democratic party, the republican party is stuck, the media is stuck, because the rate of change is so high, no one is prepared to deal with what actually exists in terms of both out of liabilities and opportunities in the summer of 2011. i believe it is our mission, actually, to help bring that conversation along, and allow ourselves to be pulled along in the process. i do want to take a little bit of a different look what reality is in 2011 when it comes to money and politics. jimmy, this is for you. take a look. democrats say we've got to raise america'ses 14.3 trillion debt ceiling before august 2nd because if we don't do that -- ah -- wait. what happens again? >> armageddon. >> armageddon. >> no, no. that wasn't it. no. that's right. economic system. >> or actually move the date,
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which i think is entertaining. saying -- i won't get into the absurdy of this date. the other thing, stephen colbert get ago proval for his own super pack no joke. legitimate acquired approval from the fec. frod federal elections commission to secretly raise millions, if not billions, of dollars so he can then secretly influence the outcome of this presidential election. obviously, stephen colbert is attempting to illustrate too all of us the deep and destructive corruption of the american political process illustrating how absurd it is an american can get approval to secretly raise billions to manipulate what politician dos. will this be effective in illustrating how completely and utterly and screwed up beyond all recognition the relationship between money and government is right now? >> well, listen i think you have a divide in this country. what is it? 30 -- no. anyone under 30 gets their news
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from comedy central or from bill maher, hbo. and anyone over that, they watch the "nightly news," cnn, msnbc or fox. there's a huge divide in this country. it's simple, though. at some point, the mainstream media, not the comedic media, main stream media, has to go out and expose every single night on tv and all day long the hypocrisy and the corruption of money and politics. i'm a lobbyist. the most regulated industry in the entire united states of america. every single thing that i do is scrutinized and i have to file it in that building right behind me, but stephen colbert doesn't have to. >> that's actually not true, jimy. part of the decision today was he actually will have to disclose some of it. >> some of it. not all of it. >> the contribution that he does it on the air. that's just what's so funny. >> guys, you're missing the point. >> brilliant. >> the point is, you take money out of politics and then it's
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about policy, not about who you're buying. we're buying our politicians. it's corrupt. it's disgusting and it's sick, and nobody is -- >> the question is, will the colbert effort, in your view, karen, help to amplify and drive home the point that we are all making and jimmy just made? >> i certainly hope so. i mean, i really hope that it is, in a way that, sometimes usually where you very graefkly show people this is how we connect the dots and this is what's happening. it's getting people to pay attention to this issue in way they weren't, actually. as jimmy was saying, the situation corrupt and we just had another decision last week that basically, again, tipped the scales. >> go ahead, susan. >> it's great we're having a conversation like this on the show, but when most of the people under 40, half, get their news from a channel, they tune into comedy central. isn't there something warped there that we're talking about this? this is how he's going to raise
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money and such? we're going to comedy central? >> when you look at the approval ratings for american politicians, approval ratings for america's mainstream media, makes sense you have massive percentages of the american population who openly rejected the integrity of both the democratic and republican party and openly rejected the main stream media's integrity. we may not like it, but that's a consequence of having corrupted the system the way we have. >> to think that it is coming from comedy central, it's great it's so successful, but i find that a little curious. >> can we do a mega panel super pack? what do you think? >> listen, i actually -- so, jimmy, here's the deal. i would like to -- i believe we know enough people between the gang of us who will secretly give us vast sums of money. can you get us qualified with a
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mega panel super pack? >> i can guarantee you that my law firm has election lawyers that will be more than happy to set that up for a nominal fee, yes. >> and how to spend the money -- >> legally. we'll do it split the money four ways, add then we can secretly run commercials against each other. >> i think we're going that right now. >> as long as you spend the ad money on my show. >> but, dylan, just about comedy in politics. that's been happening since the dawn of television. jack benny, bob hope. johnny carson. politicians have been going on tv, mainstream tfb for years. and so -- listen, my parents grew up with that kind of stuff, and they thought was funny and just like, you know, go today. but it's a the end of the day, i get the comedy in politics. the question, when are we getting the money out of politics? >> listen, take a break. spurring innovation, creating jobs is the whole point of what we're talking about trying to return investment innovation and create ecosystems that allow that to happen. admiral goals.
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but could a new patent reform plan do more harm in doing that than good, or at the very least, pick favorites, giant businesses, benefits and the little guy gets screwed. sound familiar? we'll talk it over with the man who invented something you likely all use. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. and today, we're re-inventing aspirin for pain relief. with new extra-strength bayer advanced aspirin. it has microparticles so it enters the bloodstream faster and rushes relief right to the site of your tough pain.
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right now congress can send me a bill that would make it easier for entrepreneurs to patent a new product or idea because we can't get other countries a big leg up when it comes to opening new businesses and creating new jobs. >> certainly make it easier for an entrepreneur in the trade mark department and a bunch of lawyers. however a small entrepreneur with the resources the president just made it much harder for you. the president wednesday pushing patent reform that he says will clear the current backlog of 1 million patents and in the process ramp up innovation in america. at least for giant corporations. which would be great, because
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over the last 50 years in theory the percentage of americans, this is not a theory, submitting patents collapsed. look at those numbers. supporters of the bill say it will speed up the battant process for investors and eliminate the ambiguity of lawsuits. lawsuits that keep inventions tied up in courts and off assembly lines. however, more inventions in production would create -- i should say more inventions in production will create jobs. our next guest disagrees as do i. he says the new bill will hurt small inventors and argues it's tantamount to a bank bailout. joining us, chairman of data treasury and uniquely targeted in this piece of legislation, claudio ickes want to get to that in a second, first, very broadly, help us to understand why this legislation is so beneficial to large companies and those with significant resources and why it's so detrimental to smaller inventors? >> well, thank for having me on. the principle thing that i can
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only address here right now is the affects it's going to have on small companies like my own and it really applies to the banking industry. what the banking industry has done, put us through the gauntlet of the court system, the patent office re-exam, examination and so on. a jury trial and apparently that wasn't good enough. so now they've gone to congress and said, hey, let's get ourselves some legislation. >> i just want to interrupt you one second, because apparently we're going to talk about your business instead of my question. i want to let everybody know what we're talking about and we can come back for my question later. you run a business uniquely targeted in this piece of legislation by the government, proving that if you are rich and can influence politicians then can you get special favors. i was hoping to save this portion of the conversation gore later. obviously you're anxious to address it because it directly it relevant tore for you.
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how are you victimized. >> run a patentance run it through the issue. went to the banking industry showed it to them under special disclosure. liked it so much, said, gee, we'd like to use it. we want to invest no your company, and do a joint venture with you. then asked me, can we come out and see your facility. when i said i'm still working out of my house they literally laughed at me and said don't call us we'll call you. and with a few short years -- >> so what's going on here? a few things going on here. obviously, our guest is a unique situation where he, a politician has, in the form of chuck schumer, has taken money from the banks to get in there and basically manipulate the legislation to uniquely vick imize him. that's a totally different issue than this overall piece of legislation, making it harder for smaller inventors and easier for larger inventors. how can we reform the patent process in way that actually has
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benefit to anybody? or at least equal benefit to everybody, i should say? >> that my question for the panelists. what can a small business owner do at this point to work through the process? i mean, i understand they mate get hit by large businesses and may have to go through the legal process, but just the patent process alone seems like a complete nightmare. >> well, it's definitely a process that takes a lot of time and effort, and that's disappointing. we went through it. we came through it. and we did fine with it. we followed all the rules. and after all of that, the banking industry said, gee, we can't beat this guy fair and square. let's go to congress so we can buy ourselves legislation, so they went to chuck schumer and others basically giving them a license to steal. getting another big bailout is what it comes down to. it's not right and not fair ankts classic example, karen, on the narrow issue of claudio's story, where because the banks are politically powerful they can get chuck shooper to write
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legislation that exempts them. i am not politically powerful and not able to get legislation that benefits me. is this not the reason money and politics is so destructive because it allows the manipulation of legislation and the core issue why basically the distrust of the media and the politics and business is at all-time highs? >> yes. now, look, i think it's yet another example, though, as well. this is a very clear, narrow example. i think there are other instances where things like this happen where it may even be an unintended consequence. when i worked for an education company there was a piece of legislation passed where they literally forgot to put in the word "books" talking about school supplies. sometimes these things happen. again, i think it's part of a larger issue of the systemic change that needs to happen. both so that you ensure that making the patent process is quicker, more efficient, you
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know, job creating and all of that, but at the same time, that you're not essentially giving the big bonus and benefit to the bigger companies. there was a similar issue like this last year with biosimilar, those generic drugs. they sort of found a way, legislation finely passed but they found a way to compromise between making sure the small guy is protected and the large companies also are protected, but not overly advantaged. >> james? >> just, claudio i want full disclosure, i did work for senator schumer on the banking subcommittee. i did not lobby him on this issue. perhaps you should have hired me as lobbyist but that's a separate issue. say chuck schumer who represents new york and new york state, my question, chuck schumer represents a majority of all the banks in the country. if you took money out of politics, would you think chuck schumer probably would have still come down on the side of the big banks on this issue? he probably would have i'm willing to bet, but i'm willing
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to bet other members and senators from smaller states without the big banks headquartered or, you know, setting up in wall street might have come to your defense, because the policy would have made more sense for them, you as a small business owner. my point is, did you hire someone to advocate on your behalf in front of congress? >> i certainly did. that someone was me. i went in front of congress. i went in front of senators and other house representatives and so on. the biggest complaint at the end of the day is we didn't get at fair shot to even have anybody hear about this. this was slipped into the senate side, and with no hearing at all, and then even on the house side. we didn't have a chance to go to a public hearing and discuss this, talk about the concerns. nothing. it's all as if this was all done behind closed doors. so much for transparency. there was not. >> my suggestion, net time hire a lobbyist and we'll go in and get it done for you.
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>> we have those that support us if we're doing this, how much would it cost to give adequate representation by order of magnitude? tens of thousands, hundreds of thousands or millions? >> the vote behind claudio, how's about that? >> a high ticket. a good looking boat. claudio, thanks for shares your story with us. claudio ballard, specifically exempted in a piece of bank legislation brought forth by chuck schumer so that the banks no longer have to pay him. the fee is son his patent at time when effectively the president and others are reforming patent legislation to the benefit of those who can file quickly and to the detriment of those who maybe small and not have the sophistication or attorneys immediately available to do so. as we take a break here we bid adieu to our panel. catch jimmy and karen next week and take a break.
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campaign theme music, not just campaign cash. tom pet win an ultimatum for michele bachmann. and he will not back down. s ]s ♪ [ cat meows ] ♪ [ whistle ] ♪ [ cat meows ]
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to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. michele bachmann named her candidacy monday, she came out to a tom petty song, rather ionic, "american girl." ♪ well she's an american girl raised on promises ♪ >> that will make you feel pretty good about michele bachmann, right? over the year, common for politicians to send a message through their choice of music. ♪ ♪ don't make a grown man cry ♪ barracuda >> it also has become common for the musicians whose music is
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being used to tell them to knock it off, because they don't agree with any of the policies and they hate the politician. the latest example, tom pet ip people sending a letter to bachmann ordering, no more "american girl" petty sent the same message to george bush in 2,000 when he used "don't back down." sarah palin is banned, bruce stringstein telling ronald reagan he shouldn'ting referenced in any form and the least liked, john mccain, three telling him not use their music. all hit stuff on mccain's campaign ipod and another tune that's kind of catchy. our show's theme song. in fact, opha offering up for f for the candidate to take on our trillion dollar structural problem. coming up, more money
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can money buy you happiness? of course not. and what better time to remember that than now when no one has any money in america except for the super rich or using our
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government to extract our last trillion. in fact, maybe our massive fraudulent ponzi economy is just a way that america can relearn what's truly important in life. love. relationships. realizing your potential. the simple things. we're joined now by noah cass a columnist for thestreet.com. a large addiction treatment facility in new york. noah is sheer here to remind us network does not equal your self worth. a lot of wealthy, sad banksters. we welcome you to the program. >> thanks for having me. >> offering your perspective as soon as you sat down. do it again now that you're on cam ranchts happiness is not for sale. gives you freedom but not a license to do anything you want. you know, we are taught in society that the more we make, the more we achieve, the better
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we'll feel. and from my work with people who are addicts from my columnist street.com, that's not the feedback i get. the more money people seem to make the more insecure they seem to feel. the more an zioty rsi anxiety, relationship the seem to be destroyed. there's that idea you get success and too often it's waste and too often people sacrifice time for love, and the fact you're even bringing this on-air, whatever time this is, 4:45 on msnbc and giving it some space to be heard is wonderful, and i think people want to feel like they have meaningful relationships with other people. and i think if they have meaningful relationships with other people, they'll feel successful, and that each time i treat someone i over and over see this again. and also i think we do a
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disservice to people who don't have money in this society. who don't have as much money as a wall street investor or hedge fund manager. these are people that lead very happy lives. throw up the unemployment number, whatever the real number is. whatever it is. the point is, these people are still happy. they still have thing answer them that make them feel good. they still have strong relationships with their family with, their church or their temple and they still have a strong sense of self. and i think that's often ignored i. want to read a come e-mails that you responded to when writing for thestreet.com. indicative of the interaccesses you have with the addiction treatment center of and the work you do each day. this is entitled using me for money from an anonymous aunger in this context and appropriately so who says, he or she, i don't know, says, i thy it's a he, i do not feel
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satisfied. all my relationship, an money. my friends use me more money. women you'd me more money. i'm in my late 30s and need to get out of this before it's past the point of no return and start attracting people who actually care about me for who i am rather than what i can give them. part of me thinks this is a c l culture that breathes these types of relationships and i think i'm nuft stuck. >> it is a culture but it's your responsibility to get out of that. i think it's your responsibility to take the bull by the horns and start leading a more meaningful life, and if that life is -- is being hurt, by being involved in wall street, being consumeded by money, by equating success with net worth, then you should get out of it and find something more a authentic to do. >> if your identity is unrich, the way you present yourself to the world is unrich, you shouldn't be surprised when you attract people who want to take -- if your dentedty is
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something other than i'm rich, your identity will breed up different types of relationshiping. >> and there are rich in many ways thampgts the point. "lost everything" the title. goes to a lot of people's worst fears. having been earning a nice living on wall street two years ago i lost everything. the financial crisis. two years later working my way back as a day trader and taking a teaching position at a local university. it was humbling but taught me what is important in life. i used to recklessly spend money, now i'm calmer, i'm single and relatively young. i'm taking this as a learning lesson. not only that the person was forced to leave new york. >> hit rock bottom. he hit rock but um. the answer to his question, i think sometimes we got to hit rock bottom to start maturing. you know, the maturation process starts sometimes when we have nothing and are forced to make that decision. this guy is actually happy,
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probe making quite less of a living, but he's satisfied. a guy actually -- think back to him for saying, putting me in the column. i'm surfing all the time. i'd like to make a little more money, all things being equal, i kind of made the right choice. what would have happened had he not crashed? he would like a lot more in this wallet, but so would us all. >> the difference, he has a different sense of values. >> he has a life. >> unhappy banker, next one. i work for a bank, young and desperately worried about losing the money i've earned. i feel about becoming wepty and always looking at the bottom line. >> i do that, too. and i'm a social worker. my bottom line is, whew, pretty, pret pretty, pretty low. i stopped doing that about a year and a half and accepted the fact that whatever i make i make. as long as i can make enough to face my basic biological needs.
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food, air, shelter, and i can feel comfortable with myself and i can feel like i'm helping people, and i can support of family, i'm cool, man. >> how do you think the overall conversation about austerity, tax ace, cancelling the bank debt, money printing. everybody's terrified, gosh, we could never cancel the bank debt. obviously the only way to get out of this situation, now or five years, by cancelling bank debt. how would our conversation of solve are our economic problems be different if more people had the value system you're suggestinsuggest. >> we'd be less polarizpolarizi. less greedy. we'd think more of the future as being part of a team rather than individual. i think we take some of that rugged frontier capitalism and maybe use it to help each other. i don't think those are too mutually exclusive concepts. you know, working together and trying to achieve on our own.
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you know? i think we often get them mixed up. you know? i think -- you know, that being said, there are plenty of successful people that we both know. >> sure. >> in wall street that give back a tremendous amount -- >> and who are happy. >> happy and loved. >> money doesn't mean you're unhappy anymore than it means your happy. money is not the very -- description of happiness. >> when you have a lot of money and you sort of flaunt it and you wear it, you tend to attract those type of people. and then your life becomes kind of shallow. and i have treated so many hedge fund people who are just pissed off. they're really, really angry people. and i treat sewed many people who have acs cases, administrative criminal services, criminal cases. impoverished. don't make a lot of money, but they're rich in spirit, rich in family and they're rich in love. and i don't know if you can quantify that. >> well i think that you can, in that the degree of satisfaction
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and the lives of those who are able to form healthy relationships on average tends to be better than those who can't. >> let's hope that continues. >> yes, indeed. noah, an absolute delight to make your acquaintance. if people want to follow your writings. >> thestreet.com. if anyone needs help, union scare and burrell hall. >> thanks. clinical director in the square. on "hardball," the latest battleground in ate borgs fight. chris matthews asking whether new regulations in kansas are aimed at protecting patients or just a push for prohibition. first, the pillsbury dough boy may not be giggling. limiting marketing to kids. my doctor told me calcium
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time for "daily rant." michelle, hi. >> just in case you guessed our nation's regulatory agencies couldn't be as ineffectual at doing their job as our perpetually gridlocked congress, guess again. coming from a faceless behas mis named the working group on food marketing to children, or iwg for short. made up of the united states department of agriculture, the center for disease control, federal trade commission and food and drug administration, the iwg was charged with
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studying and asked to report to congress on its findings. instead they chose to ignore congress' instructions and wrote guidelines limiting what foods can be fed to kids under the guise of obesity. the proposed guidelines would be an unconstitutional attack on free speech, limit company's ability to advertise healthy and innovative food products to children and adults and the increase the costs of many foods in an economy that's already suffering. maybe the biggest absurdity of all is that iwg's proposed guidelines contradict the definition of healthy foods by other programs and assume parents are just not smart enough to figure out what constitute a healthy food choice. under the guidelines food proirs would not be advertise healthy foods such as cheerios, low-fat yogurt for children. in fact, pediatricians recommend eating cheerios to improve
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dexterity and have a healthy whole-grain snack. many of the foods that would be banned from the deft iwg guidelines are promoted for child consumption, get this, under the women's infants and food assistance program, the usda's national school lunch program and the usda's healthier u.s. school challenge. now, this is crazy. talk about government's stupidity with one agency going against another. obviously, i know we have a childhood obesity problem in our nation. according to the centers for disease control, obesity is prevalent among and adolescentses has almost tripled since 1980. michelle obama's campaign is inspiring parents and children to get off the couch and get active. every time she's photographed in the white house garden with children picking peas, lettuce and blueberries among other delights and often eating them right off the plant, mother ace cross the country
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